8 Church StreetMerrimac, MA 01860MLS Number 72483242

  • Price: $1,999,999
  • 39 Days on Market
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Federal 30-year interest rate: 4.06% last updated on May 23, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.75Acreage
  • 1881Year Built

3 Buildings in the center of town being sold as one package. Developers and investors take notice. Retail, offices, and apartments included in this one of a kind offering. 8, 10, and 18 Church Street with 21+ units. Set in the village center (VC) zone in Merrimac Square, VC zoning has zero setbacks and allows 100% coverage. Possible 40b site? These buildings are all on their own separate parcels. Rent, renovate, or replace all or individually. New owner can keep all, or sell as they desire. Most of the 21+ units are rented, including some very long term tenants, and the current rent/income figures reflect longevity of certain tenants and can be adjusted. Being offered as a package to maximize the usage. Plenty of off street parking. This is a unique opportunity to own a large part of the downtown.

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J Barrett & Company - Ipswich Office
J Barrett & Company - Ipswich Office
Office: 978.356.3444
4 South Main Street
Ipswich, MA 01938
Listed by Philip Bowler of Bentley's

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